The satellite antenna market has demonstrated rapid growth, increasing from $3.27 billion in 2023 to $3.61 billion in 2024, reflecting a compound annual growth rate (CAGR) of 10.4%. This growth is driven by the global expansion of satellite communication, demand for high data transmission rates, broadcasting services, military and defense applications, and navigation needs. The market is expected to reach $5.41 billion by 2028, with a CAGR of 10.7%. Key growth drivers include the rise of low earth orbit (LEO) satellites, demand for high-frequency bands, expansion of 5G satellite networks, and space exploration missions. Trends in the forecast period include AI integration in antenna systems, high-throughput satellite (HTS) systems, design innovations for small satellites, enhanced antenna testing and simulation, and increased inter-satellite link (ISL) interest.
Major Driver In The Satellite Antenna Market
The satellite antenna market is being driven by the escalating demand for small satellites. Small satellites, known for cost-efficiency and affordable launches, contribute to effective connectivity. The increased deployment of small satellites has spurred innovation and expansion in the satellite antenna industry. Notably, the United States Government Accountability Office (GAO) and Euroconsult plan to launch a significant number of tiny satellites by 2030, with projections suggesting an additional 58,000 launches by that year. As of spring 2022, approximately 5,500 active satellites orbit the Earth. This growing demand for small satellites is expected to boost the market for satellite antennas. The market size in 2023 is [2023 value], with projections for 2024 and 2028 at [2024 value] and [2028 value], respectively.
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Satellite Antenna Market Competitive Landscape
Airbus SAS, General Dynamics Corporation, Mitsubishi Electric Corporation, Honeywell International Inc., Thales Group, L3Harris Technologies, CommScope Holding Company Inc., Viasat Inc., Cobham plc, Advantech Wireless Inc., EchoStar Corporation, Romantis GmbH, Maxar Technologies Inc., Inmarsat Global Limited, Skyware Technologies Ltd., Airbus Defence and Space Government Solutions Inc., MacDonald Dettwiler and Associates Ltd., Communications & Power Industries LLC, Comtech Telecommunications Corp, Gilat Satellite Networks Ltd., Intellian Technologies Inc., Satcom Direct Communications Inc., SpaceStar Technology Applications Co Ltd., Kymeta Corporation, Norsat International Inc., TECOM Industries Inc., C-COM Satellite Systems Inc., Pulse Power & Measurement Ltd., Elite Antennas Ltd., Orbital Systems (Pty) Ltd., SatPro Agro Pvt Ltd., Skytech Research Ltd., ThinKom Solutions Inc.
Key Satellite Antenna Market Trend
The development of ultra-compact satellite antennas for defense and combat purposes is a key trend in the satellite antenna market. The ultra-compact satellite antenna offers high data rate transmission for IP-based voice and video transfer capabilities since it operates on multiple bands such as Ku, KA, X, and Q. An ultra-compact satellite antenna connects ground control stations to advanced ground combat vehicles while offering a seamless transfer of information and communication capabilities, which are vital for ground troops in a crucial mission. In 2021, ThinKom Solutions, a US-based satellite antenna manufacturer, was selected by the US Army for the supply of phased-array satellite terminals as part of a pilot program that evaluates communications on-the-move (COTM) options for U.S. Army Armored Brigade Combat Teams (ABCT).
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Satellite Antenna Market Segmentation
The satellite antenna market covered in this report is segmented –
1) By Antenna Type: Flat Panel Antenna, Parabolic Reflector Antenna, Horn Antenna
2) By Component Type: Reflectors, Feed Horns, Feed Networks, Low Noise Converters, Other Component Types
3) By Frequency Band: C Band, K/KU/KA Band, S And L Band, X Band, VHF And UHF Band, Other Frequency Bands
4) By Application: Space, Land, Maritime
By Geography:The regions covered in the satellite antenna market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the satellite antenna market in 2023.
The Satellite Antenna Global Market Report 2024 furnishes information about the global satellite antenna market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
